Friday, September 23, 2011

Nifty,Dow Transport avg. ,10 Year Treasury Note

NIFTY   
 B wave may be completed near 4700 levels or below this levels


DOW Transportation Avg.
 As i told Dow Transport may touch previous low . At this point i think this falling pattern is looking like 5 wave pattern that means it may take support at indicated in chart as strong support area. where RSI,MACD are giving positive divergence .so lets see.

10 Year Treasury Note
At this point Treasury note is the key driver for US market as well as commodity also . if u look on this chart then u will see 5 wave has been completed and waiting for correction as ABC wave pattern so any downtrend will be beneficial for Equity market.

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